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by adopting its Resolution Number 19-2022 confirming the Declaratory Resolution (the <br />"Confirmatory Resolution'); <br />WHEREAS, Applicant has filed with this Council a Statement of Benefits Real Estate <br />Improvements (Form SB-1/Real Property), which describes the proposed real estate <br />improvements by the Applicant at the Project site, in order to receive a real property tax <br />abatement for the Project pursuant to the Act, <br />WHEREAS, the Project consists of real property improvements in the amount of One <br />Million One Hundred Seven Thousand Four Hundred and Forty One Dollars ($1,107,441.00) on <br />the real estate more specifically described in Exhibit B; <br />WHEREAS, the improvements of the Area will be of public utility and will be to the <br />benefit and welfare of the citizens and taxpayers of the Town. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF <br />THE TOWN OF MOORESVILLE, INDIANA AS FOLLOWS: <br />SECTION I. The proposed Project will be located in the Area which has been <br />confirmed as an Economic Revitalization Area pursuant to the Act. <br />SECTION II. Based upon the information provided by the Applicant, this Council <br />makes the following findings: <br />(1) The estimate of One Million One Hundred Seven Thousand <br />Four Hundred and Forty One Dollars ($1,107,441.00) as the <br />value of the real property improvements that will be developed <br />is reasonable for the projects of that nature. <br />(2) There are approximately fifteen (15) new individual who will be <br />employed at the Project as a result of the new real property <br />improvements constituting the Project. <br />(3) The other benefits about which information has been presented <br />to this Council are benefits that can be reasonably expected to <br />result from the construction of the Project. <br />(4) The totality of benefits is sufficient to justify the granting of real <br />property tax abatement to the Applicant through the deduction <br />provided by the Act. <br />SECTION III. The Form SB -1 has been submitted by the Applicant and reviewed <br />and approved by Council. <br />F) <br />